(23 JULY 2020)DAILY MARKET BRIEF 2:EUR/USD is up

<p>Gold futures are up 0.20% to 1,869.35. Oil prices advanced on Thursday, though the rally is capped given the unexpected increase in US oil reserve. Meanwhile, consumption is damaged by the pandemic. The Energy Information Administration (EIA) said that crude inventories increased by 4.9 million barrels in the week to July 17, while analysts expected a decline of 2.1 million barrels.</p>
<p>In FX, the US dollar couldn’t benefit from the rising US-China tensions. The USD Index declined 0.15% to 94.785.</p>